Booz Allen Hamilton Holding Corporation (NYSE:BAH) Shares Bought by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. raised its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 7.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,622 shares of the business services provider’s stock after acquiring an additional 2,187 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Booz Allen Hamilton were worth $3,412,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Booz Allen Hamilton by 74.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider’s stock valued at $26,000 after buying an additional 105 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Booz Allen Hamilton by 144.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock valued at $29,000 after buying an additional 134 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Booz Allen Hamilton by 3,314.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock valued at $31,000 after buying an additional 232 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $33,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BAH has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company dropped their price target on Booz Allen Hamilton from $148.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, May 23rd. William Blair cut Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Barclays dropped their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 28th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $136.90.

Booz Allen Hamilton Stock Down 2.1%

Shares of NYSE:BAH opened at $99.87 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.90. The business has a fifty day moving average of $113.51 and a two-hundred day moving average of $119.36. The stock has a market cap of $12.40 billion, a P/E ratio of 13.77, a PEG ratio of 1.59 and a beta of 0.49. Booz Allen Hamilton Holding Corporation has a 52-week low of $99.13 and a 52-week high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.33 EPS. On average, research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Wednesday, June 11th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 30.34%.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.